El Niño Meets the Affordability Squeeze

Price of Gasoline is up 27.8% in Canada and 34.2% in the United States over the past year, and we still tap and go. But the pump is only the price we can see. A very strong El Niño adds risk to the harvests ahead, and that cost tends to reach groceries later, quietly, and hardest where food takes the biggest share of the budget. In this brief, we follow the squeeze from Canada to India, Indonesia and Malaysia, Zimbabwe and Guatemala, separate what El Niño may do from what energy and tariffs are already doing, and set out what households, businesses and policymakers can do. Explore such impacts in our latest insights.